Company Valuation: HEICO Corporation

Data adjusted to current consolidation scope
Fiscal Period: October 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,759 19,315 19,279 29,515 38,342 36,026 - -
Change - 8.76% -0.18% 53.1% 29.9% -6.04% - -
Enterprise Value (EV) 1 17,887 19,465 21,586 31,583 40,292 38,130 37,092 35,925
Change - 8.83% 10.9% 46.31% 27.58% -5.36% -2.72% -3.15%
P/E 63.1x 63.8x 54.4x 66.7x 64.9x 48.2x 42.6x 37.6x
PBR 8.37x 8.53x 6.81x 9.35x 10.2x 8.11x 7.02x 6.17x
PEG - 4.1x 3.9x 2.6x 1.9x 1.7x 3.2x 2.9x
Capitalization / Revenue 9.52x 8.75x 6.5x 7.65x 8.55x 6.68x 6x 5.5x
EV / Revenue 9.59x 8.81x 7.27x 8.19x 8.98x 7.07x 6.17x 5.48x
EV / EBITDA 36.8x 32.8x 28.5x 31.5x 33x 24.9x 21.6x 19x
EV / EBIT 45.5x 39.2x 34.5x 38.3x 39.5x 29.2x 25.2x 22.1x
EV / FCF 43.9x 44.7x 54.1x 51.4x 46.8x 39x 32.4x 28.4x
FCF Yield 2.28% 2.24% 1.85% 1.94% 2.14% 2.56% 3.09% 3.52%
Dividend per Share 2 0.18 0.18 0.2 0.21 0.23 0.2471 0.2712 0.2907
Rate of return 0.13% 0.11% 0.13% 0.09% 0.07% 0.08% 0.09% 0.1%
EPS 2 2.21 2.55 2.91 3.67 4.9 6.306 7.138 8.078
Distribution rate 8.14% 7.06% 6.87% 5.72% 4.69% 3.92% 3.8% 3.6%
Net sales 1 1,866 2,208 2,968 3,858 4,485 5,393 6,008 6,550
EBITDA 1 485.9 593.2 758.3 1,002 1,220 1,534 1,717 1,886
EBIT 1 392.9 496.8 625.3 824.5 1,019 1,304 1,469 1,626
Net income 1 304.2 351.7 403.6 514.1 690.4 890.6 1,008 1,141
Net Debt 1 128.2 150.8 2,307 2,067 1,950 2,104 1,066 -101.2
Reference price 2 139.39 162.64 158.41 244.95 317.77 303.75 303.75 303.75
Nbr of stocks (in thousands) 135,384 136,592 138,187 138,598 139,206 139,757 - -
Announcement Date 15/12/21 19/12/22 18/12/23 17/12/24 18/12/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.21x3.53x16.03x1.28% 154B
41.36x9.3x28.85x0.23% 90.58B
30.75x8.8x16.8x-.--% 61.42B
48.18x7.07x24.88x0.08% 36.03B
18.46x1.95x10.26x1.43% 20.4B
35.47x5.41x24.05x0.19% 20.36B
200.9x - - - 15.95B
48.67x - - - 8.38B
19.62x1.48x10.59x-.--% 7.67B
Average 52.85x 5.37x 18.78x 0.46% 46.07B
Weighted average by Cap. 41.45x 6.00x 19.95x 0.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation HEICO Corporation
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